具体内容详见公司同日在《证券时报》《中国证券报》和巨潮资讯网 （http://www.cninfo.com.cn）刊载的《公司 2025 年第三季度报告》。 三、备查文件 证券代码：002272 证券简称：川润股份 公告编号：2025-050号 四川川润股份有限公司 第七届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 四川川润股份有限公司（以下简称"公司"）第七届董事会第三次会议于 2025 年 10 月 28 日以现场结合通讯的方式在四川省成都市召开。本次会议通知于 2025 年 10 月 24 日以电话、邮件相结合的方式向全体董事发出。本次会议应参会董事 9 人，实际参会董事 9 人。公司部分高级管理人员列席会议。会议召集、召开符 合《中华人民共和国公司法》等法律、行政法规、规范性文件和《公司章程》的 有关规定。会议由罗永忠先生主持，以投票方式进行表决。 二、董事会会议审议情况 经审议形成如下决议： （一）以赞成：9 票，反对：0 票，弃权：0 票，审议通过《2025 年第三季 度报告》 董 事 会 20 ...

Group 1 - The core viewpoint of the article highlights that Chuanrun Co., Ltd. reported a revenue of approximately 1.262 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 5.11% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 21.66 million yuan, with a basic earnings per share loss of 0.0447 yuan [1] - As of the report, Chuanrun Co., Ltd. has a market capitalization of 7.9 billion yuan [1] Group 2 - The article also notes that the A-share market has surpassed 4,000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market transformation [1] - This shift is characterized as the beginning of a "slow bull" market pattern [1]

Group 1 - The core point of the article is that Chuanrun Co., Ltd. (SZ 002272) announced its third board meeting of the seventh session, which took place on October 28, 2025, in Chengdu, Sichuan Province, where the Q3 2025 report was reviewed [1] - For the first half of 2025, Chuanrun's revenue composition was 97.33% from general equipment manufacturing and 2.67% from industrial services [1] - As of the report date, Chuanrun's market capitalization was 7.9 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market transformation and a new "slow bull" pattern emerging [1]

Financial Performance - The company's operating revenue for the third quarter was ¥458,235,334.45, a decrease of 17.88% compared to the same period last year[5] - The net profit attributable to shareholders was ¥1,915,142.30, down 92.52% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥1,980,528.55, a decrease of 109.98%[5] - The company achieved a total operating revenue of RMB 1.262 billion for the first three quarters, representing a year-on-year growth of 5.11%[18] - The net profit attributable to shareholders was a loss of RMB 21.6564 million, which is a reduction in loss by 30.14% year-on-year[18] - Total operating revenue for the third quarter reached ¥1,262,311,172.38, an increase of 5.3% compared to ¥1,200,902,286.32 in the previous year[24] - The net loss for the period was ¥17,616,850.81, an improvement from a net loss of ¥29,061,614.64 in the same period last year[25] - The company reported a basic and diluted earnings per share of -0.0447, compared to -0.0654 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,652,994,958.70, reflecting a 10.78% increase from the end of the previous year[5] - Total assets increased to ¥3,652,994,958.70 from ¥3,297,515,848.19, representing a growth of 10.8%[23] - Total liabilities rose to ¥2,134,264,448.64, compared to ¥1,761,108,845.98, marking an increase of 21.2%[22] - Non-current assets totaled ¥1,306,298,244.57, up from ¥1,219,337,670.26, indicating a growth of 7.2%[22] Cash Flow - Cash flow from operating activities showed a net outflow of -¥6,955,166.85, representing a 95.94% increase in outflow compared to the previous year[5] - The net cash flow from operating activities improved from a loss of RMB 171 million in the same period last year to a loss of RMB 6.9552 million[18] - Cash inflows from operating activities totaled ¥769,811,784.39, an increase from ¥684,547,365.94 in the prior year[26] - Net cash flow from operating activities was -$6.96 million, an improvement from -$171.11 million in the previous period, indicating a significant reduction in cash outflow[27] - Total cash outflow for operating activities was $776.77 million, compared to $855.65 million in the prior period, showing a decrease in operational cash outflow[27] Investments and Financing - Cash outflow from investing activities totaled -$63.02 million, compared to -$3.20 million in the prior period, reflecting increased investment expenditures[27] - Cash inflow from financing activities was $100.38 million, down from $269.05 million in the previous period, showing a decrease in financing activities[27] - Cash inflow from borrowings was $687.13 million, slightly up from $677.00 million in the previous period, reflecting stable borrowing activity[27] - Cash outflow for debt repayment was $537.62 million, down from $575.34 million in the prior period, indicating improved debt management[27] Operational Highlights - Sales revenue from new energy fluid system products increased by 40.12% year-on-year, benefiting from the growing demand in the wind power market[18] - The company is positioned to benefit from the projected annual new installed capacity of 120GW for wind power during the "14th Five-Year Plan" period[18] - The company plans to leverage its leading technology and service capabilities to capture market opportunities in the high-growth wind power sector[18] Changes and Future Outlook - The company plans to implement new accounting policies effective December 6, 2024, which may impact future financial reporting[13] - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[24] Audit Status - The company’s third-quarter financial report was not audited, which may affect the reliability of the reported figures[29]

Core Insights - The number of shareholders for Chuanrun Co., Ltd. decreased to 128,618 as of October 20, representing a decline of 8,074 shareholders or 5.91% compared to the previous period [2] - The company's stock price closed at 16.07 yuan, reflecting an increase of 1.77%, but the stock has cumulatively decreased by 4.91% since the concentration of shares began [2] - The margin trading data indicates a total margin balance of 341 million yuan as of October 23, with a reduction of 102 million yuan or 23.04% since the concentration of shares began [2] - The company's semi-annual report shows a revenue of 804 million yuan for the first half of the year, marking a year-on-year growth of 25.08%, while the net profit was -23.57 million yuan, an increase of 58.35% year-on-year [2]

Core Viewpoint - The article emphasizes the critical role of liquid cooling technology in addressing the increasing thermal management challenges faced by data centers due to the rapid advancement of technologies like artificial intelligence and the Internet of Things. Traditional air cooling methods are becoming inadequate, making liquid cooling a key focus for sustainable development in data centers [5]. Summary by Sections Overview of Liquid Cooling Technology - Data centers are evolving towards "high performance, high density, and high energy consumption," with cooling systems accounting for approximately 40% of total energy consumption. Efficient heat dissipation is essential for sustainable development [5]. Company Profiles - **Shenzhen Envicool Technology Co., Ltd.**: Established in 2005, it specializes in precision cooling solutions for data centers and has a diverse product matrix including liquid cooling technologies widely used in high-power density servers [6][7]. - **Guangzhou Gaolan Energy-saving Technology Co., Ltd.**: Founded in 2001, it offers advanced cooling solutions with a focus on liquid cooling technologies, achieving a PUE as low as 1.08 in applications [10][12]. - **Sugon Information Industry Co., Ltd.**: With a comprehensive product system in liquid cooling, it has developed technologies that enhance heat exchange efficiency by over 15% [13][14]. - **Inspur Information**: A global leader in IT infrastructure, it holds a 5.5% market share in the global liquid cooling infrastructure market and has been the top provider in China for four consecutive years [16][17]. - **Ningchang Information Industry (Beijing) Co., Ltd.**: Focused on liquid cooling servers, it has developed a comprehensive system covering all scenarios of liquid cooling [20][22]. - **Sanhua Tongfei Refrigeration Co., Ltd.**: Established in 2001, it specializes in industrial temperature control technology and has developed solutions that significantly reduce energy consumption [24][26]. - **Jiangsu Likang Puting Precision Technology Co., Ltd.**: Founded in 2024, it focuses on efficient and energy-saving cooling solutions for data centers [27][28]. - **Nanjing Jialitu Room Environment Technology Co., Ltd.**: Established in 2003, it provides a full chain of services in environmental control, including liquid cooling solutions [31][33]. - **Kehua Data Co., Ltd.**: With a history dating back to 1988, it has developed liquid cooling solutions that achieve a PUE as low as 1.2 [36][37]. - **Shenzhen Keda Technology Co., Ltd.**: Founded in 1993, it offers comprehensive solutions for data centers, focusing on high-density liquid cooling products [39][40]. - **Guangdong Shenling Environment System Co., Ltd.**: Established in 2000, it provides integrated solutions for environmental control, including innovative liquid cooling systems [42][43]. - **Guangdong Haiwu Technology Co., Ltd.**: Focused on low-carbon solutions, it has developed a full-stack liquid cooling system adaptable to various power densities [46][47]. - **Shenzhen Green Cloud Technology Co., Ltd.**: A subsidiary of Wangsu Technology, it specializes in green data center solutions based on immersion cooling technology [50][51]. - **Yimikang Technology Group Co., Ltd.**: Established in 2002, it aims to lead in zero-carbon data center solutions, with a focus on various liquid cooling technologies [53][54]. - **Yuan Di (Guangzhou) Digital Technology Co., Ltd.**: Founded in 2021, it focuses on innovative liquid cooling products and solutions, achieving significant milestones in various industries [57][58]. - **Sichuan Chuanrun Co., Ltd.**: Established in 1992, it has developed dual technology routes in liquid cooling, achieving a PUE below 1.05 [61][62]. - **Changzhou Hester Technology Co., Ltd.**: With 25 years of experience, it has become a leader in liquid cooling technology, providing solutions for high-performance computing [64][65]. - **Beehe Electric (Taicang) Co., Ltd.**: Founded in 2006, it offers comprehensive thermal management solutions, including liquid cooling products [68][69]. - **Guangzhou Hashi Temperature Control Technology Co., Ltd.**: Established in 2023, it focuses on liquid cooling solutions and has developed a complete technical system for various applications [71][72]. - **Lanyang (Ningbo) Technology Co., Ltd.**: Founded in 2019, it provides comprehensive liquid cooling solutions for various industries, focusing on immersion cooling technology [73][74]. - **Zhejiang Yunchuang Zhida Technology Co., Ltd.**: A subsidiary of Zhejiang Kangsong, it offers customized liquid cooling solutions based on extensive experience in thermal management [77][78]. - **Henan Jingrui Cooling Technology Co., Ltd.**: Established in 2008, it provides solutions for various fields, including data centers [80][81]. - **H3C Group**: Offers high-density liquid cooling solutions to meet the growing performance demands of data centers [84]. Upcoming Events - The sixth Thermal Management Industry Conference and Expo will be held in 2025, focusing on thermal management technologies in data centers and consumer electronics, inviting industry professionals and researchers to participate [88].

证券日报网讯川润股份（002272）10月20日在互动平台回答投资者提问时表示，截至2025年10月10日公 司股东户数为136，692户。 ...

证券日报网讯川润股份（002272）10月20日在互动平台回答投资者提问时表示，公司相关核电领域产品 主要用于核电领域的发电端设备，包括汽轮机以及给水泵配套润滑系统等产品。 ...

Core Viewpoint - The company Chuanrun Co., Ltd. (002272) has indicated that its lubrication systems and cooling systems can be utilized in nuclear fusion power generation equipment and power transmission and transformation equipment [1] Group 1 - The company has responded to investor inquiries regarding the applications of its products [1] - The lubrication systems are specifically designed for use in advanced energy sectors such as nuclear fusion [1] - The cooling systems are also applicable in power transmission and transformation equipment, highlighting the company's involvement in critical infrastructure [1]

Core Viewpoint - The company Chuanrun Co., Ltd. (002272.SZ) has indicated that its lubrication systems, cooling systems, and products can be utilized in nuclear fusion power generation equipment and power transmission and transformation equipment [1] Group 1 - The company specializes in lubrication and cooling systems [1] - The products are applicable in advanced energy sectors such as nuclear fusion [1] - The company is positioned to benefit from developments in power transmission and transformation technologies [1]